The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

May 9, 2022

Preview Citation

Format: Chicago

The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy is projected to expand by 8 percent in 2022. Nonetheless, it will likely take until 2024 to return to the 2019 level of GDP and the pandemic has given rise to significant human and social costs. The country’s medium-term growth challenges are likely worse than before, and public finances are in a more precarious state. Risks are skewed downwards given a difficult near-term financing situation, rising inflationary—and potentially BOP—pressures because of the war in Ukraine, an ongoing threat from the evolving pandemic, and the country’s high vulnerability to natural disasters.

Subject: COVID-19, Credit, Financial regulation and supervision, Health, International organization, Monetary policy, Money, National accounts, Public debt

Keywords: Authorities project, Bahamian authorities, Caribbean, COVID-19, Credit, Foreign currency borrowing, Global, Government administration, IMF's transparency policy

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/131
Stock No:

1BHSEA2022001
ISBN:

9798400209536
ISSN:

1934-7685

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